Know What's Happening in Insurance
Know What's Happening in Insurance
NY Court Says Post‑Cutoff Acts Don't Void D&O Run‑Off Coverage
A New York federal court held that acts occurring after a D&O run‑off policy’s cut‑off date do not bar coverage unless the acts are unlawful. Judge Jed Rakoff found AmTrust’s 2019 preferred‑share delisting to be a lawful corrective disclosure, so the insurer’s reliance on the subsequent‑acts exclusion failed. The ruling clarifies that a “Wrongful Act” under New York law must involve unlawful conduct.
Elementum Advisors entered 2026 with assets under management rising to $3.8 bn, a $100 m increase from the start of 2025. While White Mountains still holds a 26.6% equity stake, its investment in Elementum’s ILS funds fell from $161 m in 2023 to $50 m at the end of 2025. The manager offset the decline by attracting third‑party capital, notably the New Zealand Government Superannuation Fund, and by expanding its collateralized reinsurance and catastrophe‑bond offerings. The growth underscores the firm’s ability to scale despite a waning anchor investor.
The insurance‑linked securities (ILS) market posted a historic 2025, with new issuance climbing to $24.7 billion and total outstanding notional near $60 billion. Capital inflows of $12.3 billion and a benign loss year drove a 13.5% compound annual growth rate since 2020, while...
Chowdeck has rolled out a personal accident insurance scheme for more than 20,000 active riders, partnering with Nigerian insurer MyCoverGenius. The auto‑enrolled policy covers accidental medical expenses, temporary disability benefits, and compensation for lost earnings. Launched in November 2024, the...
Total deposit liabilities in the Philippine banking system climbed to ₱20.9 trillion at the end of Q3 2025, a 7.3% year‑on‑year rise driven by a 20.4% surge in deposit accounts to 166.6 million. The increase followed a March 2025 decision to double...
Steadfast Group reported underlying revenue of $1 billion for H1 2026, a 14.6% year‑on‑year increase. Underlying EBITA rose 12.6% to $293.6 million, while NPATA and NPAT grew 6.3% and 7.3% respectively. The Australasian Network brokers generated $6.4 billion in gross written premiums, up 4.4%,...
Delos Insurance Solutions and ROAR Partners have formed a strategic collaboration to deliver a full‑stack disaster risk exposure strategy for wildfire‑prone regions, beginning with California. The partnership targets low‑development‑risk zones, builds multi‑stakeholder alliances, and offers integrated investment, financial, and insurance...
In this episode, AM Best analysts Bridget Mayer and Ann Modica discuss their latest report on Caribbean insurers, highlighting that reinsurance costs and capacity constraints have eased due to a low catastrophe year and softer property reinsurance pricing. Insurers have...
EPIC Insurance Brokers & Consultants has created a new Program Development Leader role for its national real estate practice, appointing Miranda Rodriguez to drive growth and integration. Rodriguez will oversee program design, strategic partnerships, and technology initiatives while coordinating existing...
The article presents a data‑driven framework called “The Apex” that outlines four practical steps—personalize the defendant, accept responsibility, give a number, and argue pain and suffering—to curb runaway jury awards known as nuclear verdicts. Analysis of 100 real verdicts shows...
Baldwin Insurance Group posted a Q4 loss of $25.9 million, or 37 cents per share, widening its annual deficit to $33.8 million. Revenue slipped to $347.3 million, missing Zacks analysts’ $354.3 million estimate. CEO Trevor Baldwin signaled a turnaround for 2026, while Amy Carlisle took...
Investors holding more than $230 million of Tricolor asset‑backed securities have sued JPMorgan Chase, Barclays and Fifth Third, alleging the banks ignored audit warnings and helped market fraudulent auto‑loan debt. The complaint claims the banks financed, securitized and misrepresented Tricolor’s loan receivables...
North American insurers are confronting a surge in claim severity as medical inflation, social inflation, and AI‑generated fraud drive costs upward. The Gallagher Bassett 2026 Carrier Report shows 64% of carriers see more complex claims, with 56% pinpointing rising medical expenses...
Tokio Marine Kiln has appointed Lauren Storer as an underwriter in its Property & Motor division, reporting to divisional head Neil Robertson. Storer brings over 13 years of underwriting experience, most recently as senior underwriter at Lancashire Insurance where she...
University College London’s IRONSTAR team won the UK heat of the ActInSpace 2026 hackathon, presenting an early‑stage model that prices space‑debris risk for satellite operators and insurers. The competition, hosted at Surrey Research Park, attracted 75 participants from academia, industry...
Life‑science firms face heightened D&O liability as stock volatility spikes around clinical trial readouts and regulatory decisions. Shareholder lawsuits often begin with books‑and‑records demands that probe whether public statements matched internal knowledge. The article stresses disciplined, consistent disclosure and early...
James River Group reported a net loss of $23.9 million for Q3 2021, driven by a loss‑portfolio‑transfer (LPT) of its commercial auto runoff and casualty reinsurance reserve developments. The company highlighted strong growth in its core E&S book, which expanded 25% to...
The @CMF_Bahrain Joint Maritime Information Center's has released their new advisory for the Strait of Hormuz as of 1 March 2026. The situation is deemed CRITICAL. They had three confirmed incidents in the past 24 hours: 1️⃣SKYLIGHT at anchor south of Hormuz, abandoned...
Colorado is leading with practical wildfire solutions. Aspen is first in the nation using new tech to get ahead of fires and protect lives, landscapes, and communities. From tackling pine beetles to statewide wildfire mitigation, we’re keeping Colorado’s forests and people...
Skuld P&I announced the cancellation of its war‑risk coverage for vessels operating in the Middle East Gulf and the Gulf of Oman, citing a deteriorating geopolitical climate after US and Israeli strikes on Iran and Tehran’s retaliatory actions. The notice...
The International Association of Insurance Supervisors (IASA) Xchange 2026 will convene June 7‑9 in New Orleans, bringing together insurance finance, risk, technology and executive leaders. The agenda spotlights NAIC and broader regulatory updates, practical tactics for stronger financial reporting, and operational...
Restaurant operators face rising food, labor, and utility costs, prompting many to trim insurance premiums. The article warns that focusing solely on price can create coverage gaps that jeopardize operations during claims, injuries, or closures. It advocates a smarter insurance...
Berkshire Hathaway's cash pile drops to $373.31bn in 4Q down from $381.7bn in the previous quarter following after a rather disappointing quarter. Operating profits fell nearly 30% in Warren Buffett’s last quarter as CEO, as insurance underwriting earnings slumped. That metric fell by...
Strait of Hormuz. Closed. The ‘crisis’ will be defined by the length of the war and by risk. Oil supply. Maritime and cargo insurance. Houthis. Freight rates.
The Federal Motor Carrier Safety Administration’s 2026 report warns that the trucking industry faces a massive insurance gap. While the number of active interstate carriers fell to 456,227, the median "nuclear" verdict for crashes jumped to $51 million, far exceeding the...
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The Illinois State risk pool is an insurer of last resort. Unfortunately, due to the massive amount of fraud coming from chameleon carriers and fleets with fabricated safety records, it is bleeding out. https://t.co/PttPnIgNtk
The UK government appointed Katharine Braddick, a former regulator now Barclays group head of strategic policy, as the Bank of England's deputy governor for prudential regulation. Her five‑year term begins on July 1, 2026, succeeding Sam Woods. The move follows finance...
Turns out science helps predict disasters, keep insurance markets stable, and save people money. Who knew?
The Prudential Regulation Authority (PRA) has floated proposals to widen the pool of capital available to UK life insurers, encouraging the sector to tap alternative sources such as pension funds, sovereign wealth and private‑equity investors. Insurers welcomed the idea, seeing...
The latest FM Resilience Index shows all U.S. zones falling outside the top‑10 rankings for the first time. The index, which evaluates climate adaptation, business continuity, and operational robustness, placed European and Asia‑Pacific regions ahead of the United States. Analysts...
Entity resolution, knowledge graphs, and geospatial analytics together dismantle hidden fraud networks across government programs and insurance lines. By linking fragmented records—tax filings, social media, transaction logs—into unified 360‑degree profiles, investigators can spot duplicate registrations, synthetic identities, and collusive entities....
State Farm announced a $136 million dividend distribution to Louisiana personal auto policyholders, averaging $138 per vehicle. The payout follows a stronger‑than‑expected underwriting performance nationwide and a 5.8% drop in Louisiana auto premiums in 2025. The dividend will be issued this...
Accelerant Holdings announced a preliminary FY 2025 revenue forecast of $913 million, representing a 51% year‑over‑year increase. The company expects Q4 2025 revenue of $248 million, up 30% from the same quarter last year. Total exchange written premiums are projected at $4.19 billion, a 35%...
Galaxy Insurance Consultants (Singapore) received a Reinsurance Broking Licence from the Monetary Authority of Singapore, allowing it to act as an intermediary for global reinsurance contracts. The approval strengthens Galaxy’s role as a trusted broker across the Asia‑Pacific region and...
The Iowa Court of Appeals reversed a district court ruling that forced LJ & J Corp. to approve a total knee replacement for employee John Henry. The court held that an employer disputing causation cannot be compelled to provide alternate...
Consilium, a global specialty re/insurance broker, announced the creation of an Energy Risk Solutions Division and the appointment of Johnny Hilliard as Managing Partner. Hilliard, who joins after a 16‑year career at Amwins Global Risks and other firms, will lead...
The week’s Business Insurance Top 10 highlighted Howden’s aggressive U.S. expansion, accompanied by litigation with Marsh, while AI‑related claims surfaced, prompting insurers to reassess policy language. Marsh secured a partial injunction against former staff, and EPIC added a former WTW real‑estate...
Aon acted as lead adviser on a risk‑settlement transaction for the Mouchel Business Services Money Purchase scheme, protecting the retirement benefits of its 220 members. The scheme combined a defined contribution plan with a defined benefit underpin, creating insurance‑coverage challenges...
Hinterland Insurance, a niche MGA focused on hard-to-place risks, announced two senior leadership appointments. Evan Krozy joins as Chief Underwriting Officer, while Kristine Harding becomes Executive Vice President of Commercial Package and Property, reporting to Krozy. Both bring decades of...
Denmark remains the world’s most resilient business environment in the 2026 FM Resilience Index, which evaluates 130 countries across 18 risk factors. The report highlights a sharp rise in cybersecurity rankings, with Denmark, the Netherlands and Spain climbing up to...
Ascot Group Limited announced the appointment of Patrice Walch‑Watson and Christopher Gallagher to its Board of Directors. Walch‑Watson, senior managing director and chief legal officer at CPP Investments, brings deep legal, regulatory and corporate‑governance expertise. Gallagher, a three‑decade insurance veteran...
A federal judge denied New Hampshire's request to stay a court injunction that blocks the state from abolishing its vehicle inspection and maintenance (I/M) program. The injunction remains in force until the EPA approves the state's plan to meet Clean...
Trucking has become a cesspool of fraud - this time involving the State of Illinois and its insurance pool. Carriers are criminally under insured and the state agency is aware of it. Often, they will own many trucks and only...
🇺🇸2026 U.S. insurance guarantees: Corn: $4.62 per bushel (down 2% from last year) Soybeans: $11.09 per bushel (up 5% from last year) https://t.co/QFcJ5xrOCI
Fairway Independent Mortgage Corp. announced a partnership with The Baldwin Group to launch Fairway Home Insurance Agency, offering homeowners insurance at loan origination. The collaboration embeds Baldwin’s proprietary technology into Fairway’s workflow, allowing real‑time policy quotes during the mortgage application....
AM Best upgraded the outlooks for Starr International’s U.S. and Bermuda subsidiaries from stable to positive while reaffirming their Financial Strength Rating of A (Excellent) and Long‑Term Issuer Credit Rating of a+ (Excellent). The agency cited stronger underwriting trends, a...
Uber has filed a California ballot initiative to cap personal‑injury lawyers' contingency fees at 25% and limit medical damages, spending roughly $32.5 million on the effort. A coalition of attorneys, medical providers and consumer groups has mobilized $55 million to oppose the...
Swiss Re’s Corporate Solutions unit posted a net income of $988 million for 2025, a 19 % increase despite a 5 % drop in insurance rates on a risk‑adjusted basis. The broader Swiss Re group saw net income surge 47 % to $4.76 billion, driven...
1089 Inc., together with Price Forbes and Oka, has launched a carbon asset insurance framework aimed at the transportation and energy sectors. The programme embeds institutional safeguards, disciplined financial architecture, and verifiable data integrity into 1089’s CX89 Advanced Fuels Carbon...
The Terrorism Risk Insurance Program (TRIP) remains a federal backstop that only pays after a U.S. government certification, and to date no claim has ever been certified. Its coverage is limited to U.S. locations, a minimum loss threshold, and a...
